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This week's movements in the crypto market are worth paying attention to. MicroStrategy CEO Michael Saylor has once again released Bitcoin tracking information, which market interpretations see as a signal of his intention to increase BTC holdings again. Meanwhile, yesterday, a whale address increased its holdings by 1,320 Bitcoins, worth approximately $119.6 million, indicating that institutions are still actively accumulating.
On the Ethereum side, there are also developments. Leading staking institution Bitmine has staked an additional 86,400 ETH, valued at $266.3 million, demonstrating ongoing institutional buying power. However, on the trading front, a well-known trader "Maji" has seen their ETH long position, opened at $3,138.43, now with a realized profit of over $2 million.
In terms of token popularity, Chinese meme tokens such as "I’m Coming" and "Laozi" have experienced a significant decline in market cap, with short-term cooling off in popularity. But these tokens are just for fun; there's no need to take them seriously.
Data from exchanges show that the Bitcoin premium index of a leading exchange has been in negative premium for five consecutive days, currently at -0.126%. The Solana ecosystem is also heating up, with reports that X is becoming an all-encompassing application ecosystem, with Solana integrated into it.
On the institutional front, CZ, while unable to predict whether a "super cycle" is imminent, stated that they will continue to accumulate. Additionally, news has emerged that Kweichow Moutai is establishing a digital technology company involved in blockchain software and services, indicating that traditional enterprises are increasingly adopting Web3. CZ also retweeted that BNB is the strongest "golden shovel" in the crypto space, with a projected single-coin return of $71.5 by 2025.
On the macro front, next week's CPI data will directly challenge Federal Reserve policies, and geopolitical tensions could trigger a wave of sell-offs. Currently, the crypto fear index has risen to 40, indicating that market panic has somewhat eased compared to before, but volatility is accompanying the market.